Western Areas Ltd (Western Areas) is a nickel sulphide explorer. It is involved in the exploration and development of nickel sulphide and platinum group metal (PGM) deposits in Western Australia. The company’s key project includes Forrestania Ni Project, which holds two operating nickel mines, Flying Fox and Spotted Quoll. These mines host high-grade nickel sulphide ores. It also operates Cosmic Boy Concentrator which treats raw nickel-bearing ore from the Forrestania project to produce a nickel. In addition, the company owns interests in Lake King joint venture tenements, Cosmos Nickel Complex, Black Oak Limited and Western Gawler Nickel-Copper project. The company has exploration interests in Australia, the UK, Canada, Finland and Greenland. Western Areas is headquartered in West Perth, Western Australia, Australia.
Headquarters
Australia
Address
West Perth, L 2 2 Kings Park Rd, 6005
Website
www.westernareas.com.au
Telephone
61 8 93347777
No of Employees
65
Industry
Metals and Mining
Ticker Symbol & Exchange
WSA (ASX)
Revenue (2021)
$177.0M
-16.6%
(2021 vs 2020)
EPS
XXX
Net Income (2021)
XXX
-124.2%
(2021 vs 2020)
Market Cap*
$910.1M
Net Profit Margin (2021)
XXX
-129.0%
(2021 vs 2020)
* As of and is in US$
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Products and Services
| Products |
|---|
| Product: |
| Nickel |
| Copper |
| XXX |
| XXX |
| XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Plans/Strategy | In April, the company announced its plans to terminate the proposed US$829.29 million takeover deal by IGO Limited. |
| 2022 | Others | In March, the company's previously announced acquisition by IGO Ltd got delayed due to volatility in nickel prices. |
| 2021 | Contracts/Agreements | In December, the company entered into an agreement to be acquired by IGO Ltd for US$785 million. |
Competitor Comparison
| Key Parameters | Western Areas Ltd | Outokumpu Oyj | Heron Resources Ltd | Essential Metals Ltd | White Cliff Minerals Ltd |
|---|---|---|---|---|---|
| Headquarters | Australia | Finland | Australia | Australia | Australia |
| City | Perth | Helsinki | Sydney | Perth | Perth |
| State/Province | - | - | New South Wales | - | - |
| No. of Employees | 65 | 9,439 | 23 | 5 | - |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Operating Margin
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Dan Lougher | Managing Director; Chief Executive Officer | Executive Board | 2012 | - |
| Joseph Belladonna | Chief Financial Officer; Secretary | Senior Management | - | - |
| Graeme Gribbin | General Manager - Exploration | Senior Management | 2019 | - |
| Ian Macliver | Chairman | Non Executive Board | 2013 | - |
| Wyn Jones | General Manager - Operations | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
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